NBH Markets 2025 Review: Everything You Need to Know
Summary: Overall, NBH Markets has garnered mixed reviews, with some users praising its low spreads and unique features, such as gold-backed trading, while others express concerns about its regulatory status and customer service. Key features include a variety of account types and robust trading platforms.
Note: It's essential to recognize that NBH Markets operates through different entities across regions, impacting its regulatory oversight and user experience. This review synthesizes information from various sources to ensure fairness and accuracy.
Ratings Overview
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data from various reliable sources.
Broker Overview
Founded in 2018, NBH Markets is an international forex and CFD broker that operates under the auspices of the National Bullion House. The broker offers trading through widely recognized platforms, including MetaTrader 4 and MetaTrader 5, catering to a diverse range of trading styles. Clients can trade various asset classes, including forex, indices, and precious metals, with a notable emphasis on gold trading. Regulatory oversight is provided by the St. Vincent and the Grenadines Financial Services Authority (SVG FSA), but the broker is also linked to a Cyprus-based entity regulated by the Cyprus Securities and Exchange Commission (CySEC).
Detailed Overview
Regulated Geographic Areas/Regions: NBH Markets operates under the SVG FSA, which imposes certain regulatory standards. However, its affiliation with a CySEC-regulated entity provides an additional layer of oversight, which can be beneficial for traders.
Deposit/Withdrawal Currencies/Cryptocurrencies: The primary currency for accounts is USD, and the broker does not currently support cryptocurrency trading. Deposits can be made via various methods, including bank transfers and e-wallets.
Minimum Deposit: The minimum deposit to open a standard account is $100, while the pro account requires $5,000 and the elite account requires $25,000.
Bonuses/Promotions: Currently, there are no significant bonuses or promotional offers available.
Available Asset Classes: Clients can trade over 45 forex pairs, indices, and various precious metals, with a strong focus on gold trading.
Cost (Spreads, Fees, Commissions): Spreads vary depending on the account type, starting from 1.6 pips for the standard account, 0.2 pips for the pro account, and 0.0 pips for the elite account. The elite account also charges a commission of $1 per side for trades, while the pro account has a commission of $2.50.
Leverage: The maximum leverage offered is up to 1:500, which is attractive for experienced traders looking to maximize their trading potential.
Permitted Trading Platforms: NBH Markets supports both MetaTrader 4 and MetaTrader 5, which are well-regarded in the trading community for their functionality and analytical capabilities.
Restricted Regions: Currently, NBH Markets does not accept clients from the United States or Japan.
Available Customer Service Languages: Customer support is available in multiple languages, including English, Arabic, Spanish, and Russian, reflecting its international client base.
Ratings Repeat Overview
Detailed Breakdown
Account Conditions (7/10): NBH Markets offers three account types that cater to different trading needs. The standard account is accessible with a low minimum deposit, while the elite account provides the best trading conditions with zero spreads. However, the higher minimum deposits for the pro and elite accounts may deter beginner traders.
Tools and Resources (6/10): The broker provides various analytical tools and educational resources, but some users have noted that the educational offerings could be more comprehensive. The availability of daily market insights is a plus.
Customer Service and Support (5/10): Customer support has received mixed reviews, with some users reporting slow response times and others praising the assistance they received. This inconsistency raises questions about the overall reliability of their customer service.
Trading Setup (6/10): The trading experience on the MetaTrader platforms is generally positive, with fast execution speeds and a user-friendly interface. However, the absence of a web-based trading option may limit accessibility for some traders.
Trustworthiness (5/10): While NBH Markets is regulated by the SVG FSA and associated with a CySEC-regulated entity, concerns about its offshore registration and mixed user reviews regarding withdrawals may affect its perceived trustworthiness.
User Experience (6/10): The overall user experience is satisfactory, with a straightforward account opening process and a functional trading platform. However, the lack of a web trading option and inconsistent customer service may detract from the experience for some users.
In conclusion, while the NBH Markets review highlights several positive aspects, such as low spreads and a focus on gold trading, potential clients should carefully weigh the risks associated with its regulatory status and customer service before committing their funds.
